Beazer Homes USA, Inc. (NYSE: BZH) (the “Company”) announced today that
it is proposing to issue $200 million aggregate principal amount of
Senior Notes due 2023 (the “Notes”) in a private offering that is exempt
from the registration requirements of the Securities Act of 1933 (the
“Securities Act”).
The Company intends to offer the Notes within the United States to
qualified institutional buyers in accordance with Rule 144A and outside
the United States in accordance with Regulation S under the Securities
Act. The Company intends to use the net proceeds from the offering to
fund or replenish cash that is expected to be used to fund the
redemption of its 6⅞% senior notes due 2015 and for general corporate
purposes.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any of the Notes nor does it constitute
an offer, solicitation or sale in any jurisdiction in which such offer,
solicitation or sale is unlawful. The offer and sale of the Notes will
not be registered under the Securities Act or applicable state
securities laws, and are being offered only to qualified institutional
buyers in reliance on Rule 144A under the Securities Act and outside the
United States in accordance with Regulation S under the Securities Act.
Unless so registered, the Notes cannot be offered or sold in the United
States except pursuant to an exemption from, or in a transaction not
subject to, the registration requirements of the Securities Act and
applicable state securities laws.
About Beazer Homes USA, Inc.
Headquartered in Atlanta, Beazer Homes is one of the country's ten
largest single-family homebuilders. The Company's homes meet or exceed
the benchmark for energy-efficient home construction as established by
ENERGY STAR® and are designed with flexible floorplan options to meet
the personal preferences and lifestyles of its buyers. In addition, the
Company is committed to providing a range of preferred lender choices to
facilitate transparent competition between lenders and enhanced customer
service. The Company offers homes in 16 states, including Arizona,
California, Delaware, Florida, Georgia, Indiana, Maryland, Nevada, New
Jersey, New York, North Carolina, Pennsylvania, South Carolina,
Tennessee, Texas and Virginia. Beazer Homes is listed on the New York
Stock Exchange under the ticker symbol “BZH.”